1,503 Shares in Ventas, Inc. (NYSE:VTR) Acquired by Rockefeller Capital Management L.P.
Rockefeller Capital Management L.P. purchased a new stake in shares of Ventas, Inc. (NYSE:VTR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,503 shares of the real estate investment trust’s stock, valued at approximately $96,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTR. Cornerstone Advisors Inc. lifted its holdings in shares of Ventas by 88.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 184 shares during the period. Massey Quick Simon & CO. LLC bought a new position in shares of Ventas during the 1st quarter valued at $26,000. Heritage Wealth Advisors lifted its holdings in shares of Ventas by 59.3% during the 1st quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 178 shares during the period. Investors Research Corp bought a new position in shares of Ventas during the 1st quarter valued at $32,000. Finally, Rational Advisors LLC bought a new position in shares of Ventas during the 4th quarter valued at $34,000. 87.16% of the stock is currently owned by hedge funds and other institutional investors.
In other Ventas news, CAO Gregory R. Liebbe sold 4,113 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.67, for a total value of $249,535.71. Following the completion of the sale, the chief accounting officer now owns 14,627 shares in the company, valued at approximately $887,420.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James D. Shelton sold 5,940 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $64.79, for a total value of $384,852.60. Following the completion of the sale, the director now owns 46,860 shares of the company’s stock, valued at approximately $3,036,059.40. The disclosure for this sale can be found here. Insiders sold a total of 23,493 shares of company stock valued at $1,502,970 in the last quarter. 1.40% of the stock is currently owned by company insiders.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $942.80 million during the quarter, compared to analyst estimates of $908.61 million. Ventas had a return on equity of 4.04% and a net margin of 12.19%. Ventas’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. Sell-side analysts expect that Ventas, Inc. will post 3.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, July 1st will be paid a $0.7925 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.17 dividend on an annualized basis and a yield of 4.75%. Ventas’s payout ratio is presently 77.89%.
Several equities analysts have recently weighed in on the company. Deutsche Bank increased their price target on Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a report on Friday, March 29th. ValuEngine upgraded Ventas from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Morgan Stanley started coverage on Ventas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 price objective for the company. BMO Capital Markets upped their price objective on Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Finally, Mitsubishi UFJ Financial Group upped their price objective on Ventas from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $59.46.
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Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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